Assetmark Inc. Invests $183,000 in Dell Technologies Inc. (NYSE:DELL)

Assetmark Inc. purchased a new position in shares of Dell Technologies Inc. (NYSE:DELLFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,396 shares of the technology company’s stock, valued at approximately $183,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in DELL. Los Angeles Capital Management LLC boosted its position in Dell Technologies by 33.1% during the third quarter. Los Angeles Capital Management LLC now owns 6,028 shares of the technology company’s stock valued at $415,000 after purchasing an additional 1,498 shares in the last quarter. Illinois Municipal Retirement Fund bought a new stake in Dell Technologies during the third quarter valued at about $766,000. Sigma Planning Corp bought a new stake in Dell Technologies during the third quarter valued at about $209,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Dell Technologies by 20.9% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 110,383 shares of the technology company’s stock valued at $7,605,000 after purchasing an additional 19,061 shares in the last quarter. Finally, abrdn plc bought a new stake in Dell Technologies during the third quarter valued at about $227,000. Institutional investors own 38.10% of the company’s stock.

Insider Transactions at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of Dell Technologies stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $134.37, for a total value of $5,716,771.65. Following the sale, the director now directly owns 535,816 shares of the company’s stock, valued at $71,997,595.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of Dell Technologies stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $134.37, for a total value of $5,716,771.65. Following the sale, the director now directly owns 535,816 shares of the company’s stock, valued at $71,997,595.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William F. Scannell sold 106,483 shares of Dell Technologies stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $129.15, for a total value of $13,752,279.45. Following the transaction, the insider now owns 356,077 shares in the company, valued at approximately $45,987,344.55. The disclosure for this sale can be found here. Insiders have sold 6,382,204 shares of company stock valued at $718,452,037 over the last ninety days. Insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DELL shares. Evercore ISI raised their price objective on Dell Technologies from $140.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, May 16th. Morgan Stanley increased their price target on Dell Technologies from $128.00 to $152.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Loop Capital increased their price target on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday. Sanford C. Bernstein increased their price target on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a research note on Monday, May 20th. Finally, UBS Group increased their price target on Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $132.25.

Read Our Latest Stock Report on Dell Technologies

Dell Technologies Trading Up 8.0 %

Shares of DELL opened at $179.36 on Thursday. Dell Technologies Inc. has a 12 month low of $44.45 and a 12 month high of $179.70. The stock’s 50 day moving average is $129.54 and its two-hundred day moving average is $99.91. The firm has a market cap of $128.03 billion, a P/E ratio of 41.04, a PEG ratio of 2.50 and a beta of 0.87.

Dell Technologies (NYSE:DELLGet Free Report) last issued its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 EPS for the quarter, beating the consensus estimate of $1.73 by $0.47. The company had revenue of $22.32 billion for the quarter, compared to analyst estimates of $22.17 billion. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. Dell Technologies’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same period last year, the company earned $1.55 earnings per share. Equities research analysts forecast that Dell Technologies Inc. will post 6.74 EPS for the current year.

Dell Technologies Company Profile

(Free Report)

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).

Further Reading

Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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